tag:blogger.com,1999:blog-21165461.post115867620010909007..comments2023-09-18T04:26:02.107-06:00Comments on NW Arkansas Real Estate Blog: Bikes, Blues & BBQ Rally in FayettevilleAnonymoushttp://www.blogger.com/profile/17849772430976782936noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-21165461.post-1159762486112630612006-10-01T23:14:00.000-05:002006-10-01T23:14:00.000-05:00Ann,Thanks for commenting. The website you found h...Ann,<BR/><BR/>Thanks for commenting. The website you found has some good information. The rule of thumb that I use is that if lots of people have looked at the home (at least 10 to 12) and you don't have an offer, then the price is too high for what buyers are seeing. If no one has looked at your home, the price is also too high. In those two cases, you are probably right about lowering the price. <BR/><BR/>Another thing to keep in mind is how long your home has been on the market. If it has been on the market for awhile, ask your realtor to do a new Market Analysis. The past several months have seen an adjustment taking place in many parts of the country. The price you were originally asking may no longer be appropriate in the current market. <BR/><BR/>A second factor might be what kind of marketing has been done. Sometimes agents do a lot for marketing a home but don't always communicate those efforts to their sellers. Ask your realtor to provide you a list of what he/she has done. <BR/><BR/>You might also ask your realtor to show you similar homes on the market or in your neighborhood. This will give you a chance to see the "competition". Look at them from the point of view of a potential buyer. Then go back to your home and compare. Is your home as nice as those you saw? Nicer? This will give you some insight as to whether your home's price is too high or not. <BR/><BR/>The one thing I would not recommend is trying to sell it yourself. Perhaps you just need a new realtor. Statistics assembled by the National Association of Realtors have shown that sellers generally net more when they use a realtor even having to pay them a commission. Also most buyers now have buyer agents, so if you try to sell it yourself, your home will not be in the Multiple Listing service where buyer agents look for homes to show their clients. If you do decide to change realtors, visit my website at http://www.JudyLuna.com and request my special reports for sellers. There is one on interviewing potential agents (questions to ask them, etc.).Anonymoushttps://www.blogger.com/profile/17849772430976782936noreply@blogger.com